Scandia Foundation Inc
Scandia Foundation Inc is a private foundation, based in St Paul, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $380K. Net investment income was $328K.
Key facts about Scandia Foundation Inc
- EIN
- 85-0378867
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $380,000
- Grants made (2024)
- 5
- Average grant
- $76,000
- Median grant
- $15,000
- Total assets
- $2,182,915
- Primary geography
- Minnesota (97% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Scandia Foundation Inc funds
By grant dollars, the top recipient states for Scandia Foundation Inc's 5 itemized 2024 grants were Minnesota (97%). The most frequent recipient cities were New Ulm, MN (2 grants) and Minneapolis, MN (2 grants). 100% of grants with a stated purpose were for general or operating support.
How Scandia Foundation Inc gives
- Giving grew 150% from 2021 to 2024. Method
- In 2024 it paid out 422% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Scandia Foundation Inc
- How to evaluate Scandia Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-3.0% YoY
Annual Giving
$380K
+385.9% YoY
Grant Count
5
-37.5% YoY
Avg Grant Size
$76K
+677.5% YoY
Under IRS private-foundation payout rules, Scandia Foundation Inc reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Scandia Foundation Inc
Based on IRS filings
Scandia Foundation Inc is a private foundation, based in St Paul, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $380K. Net investment income was $328K.
Ready to take the next step with Scandia Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,182,915 | $2,250,281 | $2,702,720 |
| Revenue | $329,382 | $-113,301 | $-81,427 |
| Expenses | $384,156 | $84,572 | $232,679 |
| Qualifying Distributions | $382,784 | $81,001 | $227,569 |
| Net Investment Income | $328,010 | $14,931 | $3,209 |
| Distributable Amount | $90,786 | $98,644 | $124,080 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include State Street Theater ($260,000), Creekside Montessori ($85,000), New Ulm Area Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STATE STREET THEATER New Ulm, MN | GENERAL SUPPORT OF ORGANIZATION | $260,000 |
| CREEKSIDE MONTESSORI Minneapolis, MN | GENERAL SUPPORT OF ORGANIZATION | $85,000 |
| NEW ULM AREA FOUNDATION New Ulm, MN | GENERAL SUPPORT OF ORGANIZATION | $15,000 |
| THINK NEW MEXICO Santa Fe, NM | GENERAL SUPPORT OF ORGANIZATION | $10,000 |
| MINNESOTA INTERNSHIP CENTER Minneapolis, MN | GENERAL SUPPORT OF ORGANIZATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thor Mickelson | President, Treasurer | 2 | — |
| Cindi Beth Johnson | Vice President, Secretary | 2 | — |
| Dagni Lee | Vice President | 2 | — |
Frequently Asked Questions
How large is Scandia Foundation Inc?
As of 2024, Scandia Foundation Inc holds $2.2M in total assets with $329K in annual revenue. It awarded 5 grants totaling $380K in 2024.
Where does Scandia Foundation Inc operate?
Scandia Foundation Inc has awarded grants in California, Connecticut, Minnesota, New Mexico.
What size grants does Scandia Foundation Inc award?
In 2024, Scandia Foundation Inc awarded 5 grants totaling $380K — an average of about $76K per grant, based on its IRS Form 990 filings.
How much is Scandia Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Scandia Foundation Inc reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Scandia Foundation Inc's EIN?
Scandia Foundation Inc's EIN (Employer Identification Number) is 85-0378867. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.